THIANI: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
THIANI
Largest movements
- Receivables within one year -€79,712
down €79,712 (-89.6%), from €88,981 to €9,269
of which Other amounts receivable: -€77,782
- Tangible fixed assets +€44,133
up €44,133 (+7.1%), from €620,147 to €664,280
of which Other tangible fixed assets: +€48,776
- Cash -€34,623
down €34,623 (-28.3%), from €122,170 to €87,547
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€92,978)
- Contributions -€100,000
down €100,000 (-84.9%), from €117,831 to €17,831
- Tax, wage and social debts +€49,586
up €49,586 (+53.6%), from €92,560 to €142,146
of which Remuneration and social security: +€40,096
- Trade debts -€23,330
down €23,330 (-15.3%), from €152,951 to €129,620
- Current portion of long-term debt +€14,902
up €14,902 (+28.5%), from €52,243 to €67,145
- Profit (loss) carried forward -€12,503
down €12,503 (-39.0%), from -€32,082 to -€44,586
- Staff costs +€50,542
up €50,542 (+19.0%), from €265,884 to €316,426
- Taxes -€18,158
no longer reported in 2024 (was €18,158)
- Gross operating margin +€13,717
up €13,717 (+3.8%), from €365,720 to €379,437
- Depreciation +€11,511
up €11,511 (+28.5%), from €40,335 to €51,845
- Financial charges +€6,978
up €6,978 (+51.4%), from €13,585 to €20,564
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €841,157 | €772,066 | -€69,090 | -8.2% |
| Fixed assets | 21/28 | €623,641 | €664,774 | +€41,133 | +6.6% |
| Intangible fixed assets | 21 | €3,164 | €164 | -€3,000 | -94.8% |
| Tangible fixed assets | 22/27 | €620,147 | €664,280 | +€44,133 | +7.1% |
| Land and buildings | 22 | €536,695 | €514,503 | -€22,192 | -4.1% |
| Plant, machinery and equipment | 23 | €1,808 | €457 | -€1,352 | -74.8% |
| Furniture and vehicles | 24 | €24,620 | €43,521 | +€18,901 | +76.8% |
| Other tangible fixed assets | 26 | €57,024 | €105,800 | +€48,776 | +85.5% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €217,516 | €107,292 | -€110,223 | -50.7% |
| Stocks and contracts in progress | 3 | €6,365 | €10,477 | +€4,112 | +64.6% |
| Stocks | 30/36 | €6,365 | €10,477 | +€4,112 | +64.6% |
| Amounts receivable within one year | 40/41 | €88,981 | €9,269 | -€79,712 | -89.6% |
| Trade receivables | 40 | €5,394 | €3,464 | -€1,930 | -35.8% |
| Other amounts receivable | 41 | €83,587 | €5,805 | -€77,782 | -93.1% |
| Cash at bank and in hand | 54/58 | €122,170 | €87,547 | -€34,623 | -28.3% |
| Total equity and liabilities | 10/49 | €841,157 | €772,066 | -€69,090 | -8.2% |
| Equity | 10/15 | €87,608 | -€24,896 | -€112,503 | |
| Contributions | 10/11 | €117,831 | €17,831 | -€100,000 | -84.9% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,082 | -€44,586 | -€12,503 | -39.0% |
| Amounts payable | 17/49 | €753,549 | €796,962 | +€43,413 | +5.8% |
| Amounts payable after more than one year | 17 | €455,796 | €458,052 | +€2,256 | +0.5% |
| Financial debts | 170/4 | €455,796 | €458,052 | +€2,256 | +0.5% |
| Amounts payable within one year | 42/48 | €297,753 | €338,910 | +€41,157 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €52,243 | €67,145 | +€14,902 | +28.5% |
| Trade debts | 44 | €152,951 | €129,620 | -€23,330 | -15.3% |
| Suppliers | 440/4 | €152,951 | €129,620 | -€23,330 | -15.3% |
| Taxes, remuneration and social security | 45 | €92,560 | €142,146 | +€49,586 | +53.6% |
| Taxes | 450/3 | €28,864 | €38,354 | +€9,489 | +32.9% |
| Remuneration and social security | 454/9 | €63,695 | €103,792 | +€40,096 | +63.0% |
| Remuneration, social security and pensions | 62 | €265,884 | €316,426 | +€50,542 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,335 | €51,845 | +€11,511 | +28.5% |
| Other operating charges | 640/8 | €5,266 | €3,563 | -€1,703 | -32.3% |
| Gross operating margin | 9900 | €365,720 | €379,437 | +€13,717 | +3.8% |
| Operating profit (loss) | 9901 | €54,236 | €7,603 | -€46,633 | -86.0% |
| Financial income | 75/76B | €130 | €457 | +€328 | +252.2% |
| Recurring financial income | 75 | €130 | €457 | +€328 | +252.2% |
| Financial charges | 65/66B | €13,585 | €20,564 | +€6,978 | +51.4% |
| Recurring financial charges | 65 | €13,585 | €20,564 | +€6,978 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €40,781 | -€12,503 | -€53,284 | |
| Income taxes | 67/77 | €18,158 | - | -€18,158 | |
| Profit (loss) for the period | 9904 | €22,623 | -€12,503 | -€35,126 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,623 | -€12,503 | -€35,126 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.